Dogecoin: Investment of $5,000 Turns $1 Million Today

The OG meme cryptocurrency Dogecoin (DOGE) has emerged arsenic 1 of the astir fashionable assets this year. From garnering endorsements from the world’s richest antheral to climbing up the cryptocurrency ladder, DOGE has seen it all. Despite each the adoration that the meme coin gets, the plus has failed to scope the $1 mark. This, however, did not halt investors from becoming millionaires.

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Analyzing Dogecoin’s Current Market

Source: Bitpanda

Dogecoin entered the marketplace arsenic a specified meme. But its terms maturation was nary joke. The plus has grown by 44982.41% since its introduction. Back connected February 7, 2014, the meme coin was trading astatine a debased of $0.00130. Following a monolithic uptick, DOGE roseate to an all-time precocious of $0.7376 successful May of 2021.

Despite garnering an yearly maturation of 220%, Dogecoin continues to stay acold from its peak. At property time, the plus was priced astatine $0.252 aft enduring a 4.42% driblet implicit the past 24 hours.

Source: CoinMarketCap

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While this does not look perfect astatine the moment, a alternatively dainty concern successful the past could person turned into a profitable feat today. According to Changelly, an concern of $5,000 successful DOGE backmost connected this time successful 2014 could person turned into a cardinal today. To beryllium precise the steadfast revealed that the profits connected this concern presently basal astatine $1,010,069.62. This marks a 20101.39% surge.

Source: Changelly

Becoming A Millionaire Still On The Cards?

Donald Trump’s triumph and his caller instrumentality implicit arsenic the President of the United States is simply a bullish feat for the full cryptocurrency market. The summation of Elon Musk, an avid protagonist of Dogecoin, successful Trump’s medication is simply a immense vantage for the meme coin. Several judge that Musk volition marque definite to see DOGE successful the US government. In addition, amended cryptocurrency regulations are expected to beryllium a game-changer for the industry.

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